ridethepig | Bullish On Home Fitness ... Pelaton At The Lows!We can start to look for single stock opportunities as behavioural economics changes as a result of the Coronavirus impact. We are talking about a dramatic loss in confidence, global OCD patient numbers are ticking higher which btw itself from time-to-time be a very useful indicator.
We are talking about an outbreak which has triggered volatility across the board and home enablers will benefit. Would it not be opportune to direct our focus towards a new sector? How to do that will be seen in the following months in the stages of transfer.
As the main background to the theme, VIX now reaches the final stages in the move towards 85 it's time to start looking for value areas in PTON:
We are starting to reach the initial targets in SPX and DAX selloffs which implies there will be some profit taking from sellers despite the fact we are entering into a recession:
DAX
SPX
Other opps... GILD will continue doing the heavy lifting on Remdesivir (GS-5734) side, this is their free pass into the Chinese Healthcare system. Models will need to start quickly repricing revenue from the Hep B cases in China. GILD will do the heavy lifting here, +/- $20 upside available on the headline for FDA approval which looks around the corner. Flow-wise, the initial target area from the latest technical break comes into play at 86. xx (+25% from current levels).
Highlights on the ownership front going to usual suspects in here, Morgan Stanley, Soros, Blackrock, Eminence and Fidelity. This is another known position, it's going to be decided in the next few days. Thanks as usual for keeping the likes and comments rolling.
